Tag: BSBD ACCOUNTS

The Reserve Bank of India(RBI) has relaxed the norms for the Basic Savings Bank Deposit(BSBD) accounts or popularly known as no-frills accounts. The BSBD account was designed as a savings account that will offer certain minimum facilities,free of charge to the holders.Such accounts are primarily aimed at enhancing financial inclusion among the economically weaker sections.… Continue reading Reserve Bank relaxes the norms for no-frills accounts